New Smyrna Beach deepwater at it's very best. Arguably the most sought after parcel in the beloved Inlet Shores community, this point lot gives way to long range water views down the Intracoastal and provides a front row seat to the wildlife and boat traffic that parade by daily. The custom 4 bedroom, 3 bath home with 3 car garage is perched on a gentle bluff with a fabulous waterfront lanai that serves as the owners' outdoor living room just above the pool, sprawling green lawn and new dock. Over the last year the owners have made a significant investment while the home underwent a complete interior and exterior renovation. The photos are lovely, but this property must be seen in person to be appreciated as no stone was unturned while contractors embarked on the tremendous task under the direction of a talented designer. Enter the home to be immediately greeted with panoramic water views through oversized windows and doors that create a wall of glass under volume ceilings. The main living and dining areas are all situated around the spectacular custom kitchen with stunning quartzite appointed over custom cabinetry complimenting the coastal contemporary interior spaces with a layout that is ideal for day to day relaxation or entertaining a crowd. The waterfront owners' suite is a true retreat with direct access to the covered patio and private spa. A cavernous walk-in with custom closet systems is just adjacent to the fantastic built-in wardrobe which sits just inside of the new luxury bath. Bedroom two is currently used as a home office and exercise room with a convenient optional door just off of the primary bath. A poolside waterfront guest suite is tucked into a quiet corner of the home with glass doors that open onto the covered patio and pool beyond. An adjacent bath services the guest room and doubles as a pool bath with an exterior door. The generous fourth bedroom is opposite a beautiful common bath. The architect left plenty of room for the imagination with a staircase leading to an unfinished bonus room above the garage that is currently vast storage, but could easily be finished as a 5th bedroom, game room or den. Step outside for unparalleled views of the water where the Intracoastal Waterway and Hunter Creek intersect and two natural mangrove shorelines create a serene backdrop that will never be developed. Truly an ideal position for a boater, sailor or yachtsman just inside of Ponce Inlet with a direct shot to the Atlantic Ocean through Rock House Creek in an outboard or a slightly lengthier course via the marked channel. The newly constructed and highly engineered dock with 16000lb lift and floating staging dock below has over 10' of water at low tide. On a falling tide, the baitfish from the estuary of Hunters Creek mingle with the larger river directly in front of the dock and it is not uncommon to see the surface of the water explode in a feeding frenzy. Whether fishing the mangroves, relaxing on Disappearing Island or heading out the inlet on the way to The Bahama Islands, there is not a more perfect location in this part of Florida than 59 Cunningham Drive. This 2009 built solid concrete block home warrants a personal visit to be appreciated and to realize the high level of renovations that include the entire interior with top of the line appointments, new impact windows and doors, new air conditioning systems, roof, dock and newly renovated paver appointed, heated, saltwater 30, 000 gallon pool.
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,199,200 | $3,199,200 | $3,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.760% | 6.806% |
Monthly Tax Payment | $2,409 | $2,409 | $2,409 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,016 | $20,485 | $28,089 |
Total Monthly Payment | $23,550 | $23,019 | $30,623 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.